$1,200,000
Glenwood Springs, CO 81601
MLS# 185624
5 beds | 4 baths | 3084 sqft
1 / 23
Property Description
This fantastic property has four dwelling units on one parcel located two blocks from downtown Glenwood Springs. The residences include a the main home that was originally built in 1919 and nicely renovated in 2004. The 2004 renovation included underpinning the foundation, a new kitchen and bathroom in the main house, finishing of a portion of the attic and addition of a mother in law apartment in the basement. In addition to the main house, there are two cozy cabins on the property that were constructed in the early 1900s, periodically renovated, and occupied by long term tenants. The parcel is a fantastic location approximately two blocks to downtown with mature trees and a beautifully fenced yard. One outbuilding includes laundry and storage for tenants and another has mechanical. Monthly gross rental income is $7400 for all four units. Landlord pays water/sewer/trash and gas for main house and tenants pay all other utilities.
Details
Maps
Documents
Location Info
Current Price: $1,200,000
Type: Residential Income
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Original List Price: 1200000
Asking Price: 1200000
Street #: 702
Street Name: Bennett
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Furnished: No
Keywords Info
Bedrooms: 5
Total Baths: 4
Baths - Full: 2
Baths - 3/4: 2
Lot Size: 6,001 - 12,000
Acreage: Refer to Lot Size
Garage: None
Pre-Fabricated Home: No
Listing Info
New Construction: No
Listing Date: 2024-10-01
Seller is licensed Realtor: Yes
REO: No
Auction: No
Foreclosure: No
Member Association: Glenwood Association
County: Garfield
ADU: Yes
General Info
Sub/Loc: Townsite of Glenwood Springs
Legal: Section: 9 Township: 6 Range: 89 Subdivision: ORIGINAL TWNSTE. GLENWOOD Block: 47 Lot: 1 THRU:- Lot: 3 8537 SQ. FT.
Zoning: Residential
Nbr of Acres: 0.2
Lot SqFt: 8537
Lv Ht SqFt: 3084
Total SqFt: 3084
Price/LvH SqFt: 389.11
Levels: 3
Main Floor Master: No
Short Termable: No
Year Built: 1918
Year Remodeled: 2008
Parcel #: 218509102022
Directions: Property is on the southeast corner of 7th and Bennett
Financing Info
Metro Tax District: No
Taxes: 3541.44
Tax Year: 2023
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Status Change Info
Status: Active
Remarks
Public Remarks: This fantastic property has four dwelling units on one parcel located two blocks from downtown Glenwood Springs. The residences include a the main home that was originally built in 1919 and nicely renovated in 2004. The 2004 renovation included underpinning the foundation, a new kitchen and bathroom in the main house, finishing of a portion of the attic and addition of a mother in law apartment in the basement.
In addition to the main house, there are two cozy cabins on the property that were constructed in the early 1900s, periodically renovated, and occupied by long term tenants.
The parcel is a fantastic location approximately two blocks to downtown with mature trees and a beautifully fenced yard. One outbuilding includes laundry and storage for tenants and another has mechanical.
Monthly gross rental income is $7400 for all four units. Landlord pays water/sewer/trash and gas for main house and tenants pay all other utilities.
Exclusions
Exclusions: Tenant personal property
Property Features
Laundry Facility: Common Area; In Hall
Style: Two Story
Construction: Concrete Block; Frame
Exterior: Brick Veneer; Cement Board
Substructure: Finished Basement
Roof: Composition Shingles
Condition: Good
Heating: Electric; Forced Air; Radiant
Gas: Natural Gas
Cooling: None
Sanitation: Sewer
Carport: None
Parking Area: Common
Possession: DOD
Extras: Outbuildings
Terms Offered: Cash; New Loan
Disclosures: 1031 Exchange
Mineral Rights: No
Water Rights: No
Documents on File: Financials; House Plans; Leases; Survey/ILC
Location Amenities: Views
Inclusions: Ceiling Fan; Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; See Remarks; Washer; Window Coverings
Survey 
Listing Office: Integrated Mountain Properties
Last Updated: October - 02 - 2024
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
Broker Attribution:
(970) 945-7653